MANAGING CULTURAL DIVERSITY Assignment –HCMC Vietnam April 2013 FACTORS AFFECTING THE RETENTION OF IT PROFESSIONALS IN VIETNAM SOFTWARE INDUSTRY Introduction/short description/background When the economy is gradually recovering from the downturn in the beginning of the year 2013‚ the IT businesses face a massive turnover in their human resource. More than two years immersed in the economic crisis has forced many IT companies to implement the tight policy to eliminate operation costs as layoffs
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affecting Employee Turnover and Retention Human Resource Management Research Paper Abstract Human resource planning is currently regarded as an essential requirement for any organization to achieve the corporate business goals and to gain a competitive advantage over competitors‚ but it does not always appear to be given high priority in practice. High rates of employee turnover can prove very expensive and milk organization ’s financial resources. The costs of replacing employee positions
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GURGAON Issues in International Hospitality and Tourism Management U 54082 Module leader: Ms. Bandana Rai Submission: ECONOMIC CRISIS IN HOSPITALITY & TOURISM INDUSTRY Submitted by: Pavitra Mehrotra Student Id: 010109029 Abstract In the recent scenario‚ hospitality and tourism sector has become an important part of daily life but which is now experiencing multiple challenges because of the global economic crisis. Besides tourism‚ many other industries are in a position to create affluence
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the future. Some argue that sometimes the employee turnover is good for weed out the lower level talent‚ but generally employee turnover is associated with cost (Anonymous 2008). Studies have shown that turnover rates can carry a price tag across the United States of $25 billion annually‚ with the cost of hiring and training an hourly worker at 300 to 700 times the worker’s hourly wage (Mckeown 2010). According to recent study‚ in every industry‚ companies face the challenge of retaining
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Reward Programs on Employee Retention Organizations are intent on keeping the right people in the right position. When quality employees are obtained‚ it is important to retain them long term without loss to another agency‚ especially a competitor. Even in today’s environment of high unemployment and sluggish economy‚ attracting and retaining talented employees is a top human resource concern. The cost of employee turnover is significant in the business world. Unless an employee is a low performer
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effects of dealing with a disability in the Hospitality and Tourism Industry. There are many ways how disabled people can be affected in this area such as discrimination in employment‚ discrimination in being the customer‚ false advertisement and lack of support and facilities in the business. Whether it’s a mental disability such as dyslexic or a physical disability such as partially-sighted it can have an effect on both. For many in the tourism and hospitality world disabled people means wheelchair
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ON EMPLOYEE RETENTION AMONG EXECUTIVES AT BGR ENERGY SYSTEMS LTD‚ CHENNAI DR. R. AKILA* *Professor‚ Department of Management Studies‚ Jeppiaar Engineering College‚ Rajiv Gandhi Salai‚ Chennai‚ Tamilnadu – 600119. ABSTRACT The employee retention program at BGR Energy consists of only basic daily needs of the employee. Employees are found to be dissatisfied with it. This is found to be the threatening factor for higher employee turnover rate. To study the opinion of executives on employee retention
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Environmental Scanning Political This factor is normally affected by the strategy or agreement of government. In Hong Kong‚ not only the local government will affect the hospitality‚ also the China government. We analyze that there are two political issue which increasing the Hong Kong inbound tourism and business between foreigner to China. They are Closer Economic Partnership Arrangement (CPEA) and World Trade Agreement (WTO). China government opened the market to the world and accepted the transaction
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The Antecedents & Consequences of Employee Engagement in the IT Industry INTRODUCTION Employee engagement at work was conceptualized by Kahn (1990) as the “harnessing of organizational members’ selves to their work roles.” In engagement‚ people employ and express themselves physically‚ cognitively‚ and emotionally during their role performances. Employee engagement‚ thus‚ denotes the level of commitment and involvement that an employee harbors towards her or his organization and its values and
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in the hospitality industry: a research study on the impact of gender on the turnover intentions of highly educated employees R.J. Blommea*‚ A. van Rheedeb and D.M. Trompb a Center of Leadership and Personal Development‚ Business University Nyenrode‚ Breukelen‚ The Netherlands; bKenniskring Human Resource Management‚ Hotelschool The Hague‚ The Hague‚ The Netherlands The subject of this study is the psychological contract approach to the employment relationship within the hospitality industry
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